Calamos Advisors LLC Has $9.62 Million Position in EOG Resources, Inc. (NYSE:EOG)

Calamos Advisors LLC lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,537 shares of the energy exploration company’s stock after selling 1,039 shares during the quarter. Calamos Advisors LLC’s holdings in EOG Resources were worth $9,620,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fortis Capital Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at approximately $28,000. Lumature Wealth Partners LLC acquired a new stake in EOG Resources in the 1st quarter valued at approximately $28,000. McIlrath & Eck LLC raised its position in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the last quarter. Peoples Bank KS acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $31,000. Finally, Exchange Traded Concepts LLC raised its position in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Stifel Nicolaus decreased their price target on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Truist Financial decreased their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. TD Securities decreased their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $141.48.

EOG Resources Price Performance

Shares of NYSE EOG opened at $133.15 on Friday. The stock has a market capitalization of $76.59 billion, a PE ratio of 10.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The business has a fifty day moving average price of $123.45 and a two-hundred day moving average price of $122.05. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.73%. EOG Resources’s dividend payout ratio is presently 27.98%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.